17-03-2021, 11:06 PM
61
Re: Trade figures since Brexit !!
Originally Posted by Donkeyman
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Oooer!But how would that stop EU punishing UK ??
I think you are right, he was only speculating !!
Anyway good luck !!
Donkeyman! 🤔🤔
18-03-2021, 09:39 AM
62
Re: Trade figures since Brexit !!
Originally Posted by Banchory
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Nope, it’s a Brexit thing. I realise you may be in self denial mode but here’s a quote from Jeremy Warner, Associate Editor of the Daily Telegraph“Importing almost anything from the EU has descended into abject chaos, with HMRC apparently clueless on new VAT rules, and all kinds of other previously non existent charges. Easier and less costly now to import from the US, where there is no FTA. What the hell is going on?”
Delivery tracking indicates delivery into the UK from Europe in normal timescales and it’s the post Brexit UK that’s the issue on imports and for anyone exporting to the EU it seems the favoured solution is to relocate that part of the business to an EU country.
You should be notified by the courier when your goods are in transit to pay the VAT using a link that the courier provides to you (via email). You can pay the VAT when the goods are delivered on receipt of the goods - so there's no problems here regarding delays due to VAT - the VAT payment does not affect the dispatch time. I do this all the time with UPS its not a problem and doesn't slow up the delivery at all.
VAT is usually 20%.
Like I said, if you are having deliveries delayed it is more likely due to furloughed workers and broken supply chains because of the pandemic.
Incidentally, my China manufactured new pro-audio gear has a lead time of 8 weeks now because of the pandemic. My stuff sourced from Germany (pro audio gear as well) took 3 weeks because of supply. They normally deliver in about 10 days.
Your blaming Brexit when the pandemic is to blame. The pandemic has affected supply chains all over the world.
There is a calculator here which is really useful.
https://www.simplyduty.com/import-calculator/
(it's actually more fun than you think playing with the duty calculator
)
19-03-2021, 08:14 PM
63
Re: Trade figures since Brexit !!
From today's Telegraph:" Mirabile Dictu: global capital is leaving Europe and coming to Britain
The eye-wateringly large monetary outflows from the eurozone may accelerate into outright flight"
'“We want to see reciprocity and proportionality in exports,” said Mrs Von der Leyen. Delicious. The EU is currently refusing to reciprocate temporary UK waivers to smooth post-Brexit trade flows or to reciprocate on bare-bond equivalence in financial services.'
'HSBC says outflows [from the EU] reached half a trillion euros in the fourth quarter, an annualised pace of 20pc of GDP. It quickened to €250bn (£214bn) in the single month of December. The scale is breathtaking. It happened before the vaccine debacle condemned Europe to an extra quarter of economic recession and social despair.
“Relative to GDP, these outflows were the largest we have seen going back 20 years,” said Paul Mackel, HSBC's currency chief. Hedging contracts have prevented this setting off a disorderly slide in the euro but that does not change the fundamental picture."
* Please note that this was before the Von Der Leyen-led vaccine fiasco which is ongoing and which, with the threat to use Article 122, will certainly not encourage global big pharma to manufacture within EU countries and won't exactly encourage new investment either as this piece mentions.
"You can interpret these outflows in many ways but one thing they are not is a vote of confidence in eurozone growth and recovery, or indeed the political management of the EU. The exodus is likely to gather pace this quarter as American reflation and the vast funding needs of the Biden treasury suck capital out of the global system."
"BNY Mellon, the world’s top custodian bank with $41 trillion under watch, says its iFlow data is detecting a marked shift into UK assets by global fund managers. “It is not just a one-off story after the Brexit deal. It has been going on since last year. Funds are rotating back into UK equities,” said Geoffrey Yu, the bank’s Europe strategist."
"All the stars are aligning for what the Bank of England’s Andy Haldane calls a “coiled spring” recovery. That does not in itself validate Brexit, but the spectacle of cross-Channel decoupling will profoundly change the global discourse on the UK leaving the EU. The real test comes later during the hard grind of the 2020s. But my hunch is that the first year of independence will be much better than almost anybody expected."
https://www.telegraph.co.uk/business...oming-britain/
Yes The Telegraph is subscription-only but it does have a free trial period.
Failing that the snippets above give the general picture.
19-03-2021, 08:37 PM
64
Re: Trade figures since Brexit !!
Originally Posted by Zaphod
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From today's Telegraph:" Mirabile Dictu: global capital is leaving Europe and coming to Britain
The eye-wateringly large monetary outflows from the eurozone may accelerate into outright flight"
'“We want to see reciprocity and proportionality in exports,” said Mrs Von der Leyen. Delicious. The EU is currently refusing to reciprocate temporary UK waivers to smooth post-Brexit trade flows or to reciprocate on bare-bond equivalence in financial services.'
'HSBC says outflows [from the EU] reached half a trillion euros in the fourth quarter, an annualised pace of 20pc of GDP. It quickened to €250bn (£214bn) in the single month of December. The scale is breathtaking. It happened before the vaccine debacle condemned Europe to an extra quarter of economic recession and social despair.
“Relative to GDP, these outflows were the largest we have seen going back 20 years,” said Paul Mackel, HSBC's currency chief. Hedging contracts have prevented this setting off a disorderly slide in the euro but that does not change the fundamental picture."
* Please note that this was before the Von Der Leyen-led vaccine fiasco which is ongoing and which, with the threat to use Article 122, will certainly not encourage global big pharma to manufacture within EU countries and won't exactly encourage new investment either as this piece mentions.
"You can interpret these outflows in many ways but one thing they are not is a vote of confidence in eurozone growth and recovery, or indeed the political management of the EU. The exodus is likely to gather pace this quarter as American reflation and the vast funding needs of the Biden treasury suck capital out of the global system."
"BNY Mellon, the world’s top custodian bank with $41 trillion under watch, says its iFlow data is detecting a marked shift into UK assets by global fund managers. “It is not just a one-off story after the Brexit deal. It has been going on since last year. Funds are rotating back into UK equities,” said Geoffrey Yu, the bank’s Europe strategist."
"All the stars are aligning for what the Bank of England’s Andy Haldane calls a “coiled spring” recovery. That does not in itself validate Brexit, but the spectacle of cross-Channel decoupling will profoundly change the global discourse on the UK leaving the EU. The real test comes later during the hard grind of the 2020s. But my hunch is that the first year of independence will be much better than almost anybody expected."
https://www.telegraph.co.uk/business...oming-britain/
Yes The Telegraph is subscription-only but it does have a free trial period.
Failing that the snippets above give the general picture.
No wonder they are fighting over a few fish then Zaphod ?
Donkeyman! 👍👍
20-03-2021, 02:30 PM
65
Re: Trade figures since Brexit !!
Originally Posted by Donkeyman
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No wonder they are fighting over a few fish then Zaphod ?Donkeyman! 👍👍
*Sniggers.*
It's all no more than an attempt by the EU to present a supposedly powerful united front for their union and give the whole shambolic club a raison d'etre.
The veneer has been peeling for years and it's starting to look like having one of their largest club members leave has not only damaged them severely, but it's obviously seen by global markets as the beginning of a decline for the union too.
Most important is that the reaction by global markets started before the EU's threats to appropriate global big pharma for their own, and that threat alone is going to have dire consequences for the EU as not only will capital continue to leave the union but new inward investments will also decline.
Because who will want to build a factory or start a business in a place where the politicians can decide to appropriate whatever they want and whenever they want to?
20-03-2021, 05:34 PM
67
Re: Trade figures since Brexit !!
Originally Posted by Percy Vere
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All that is very interesting but I still wonder why so many of our financial institutions are setting up shop within the EU. Is it just to get around the fact the EU won't give us reciprocity?I'd like to read Sollasch's thoughts on this -
As with so much of the "project fear" baloney though the number of UK jobs that were supposedly going to move to the EU never materialised and never will.
In fact the number of employees in the UK financial sector actually increased.
Regarding the financial sector though it would seem that an announcement is imminent if our media are this once correct.
https://www.reuters.com/article/us-b...-idINKBN2B813N
20-03-2021, 05:43 PM
68
Re: Trade figures since Brexit !!
At least some peeps in the Evil Empire that is the EU can see sense when it comes to striking a deal with us if what is mentioned in that link comes to pass. This is especially so as so much more money is flooding into London these days from all over the world, it makes sense (at least to me) that the EU should want it's banks and other financial institutions to reap some benefit from it.20-03-2021, 09:11 PM
69
Re: Trade figures since Brexit !!
What will be interesting will be how the finance industries within the EU react to the vaccines fiasco and the direct control over manufacturing and supply chain we have seen, the blockages of exports and the deliberate breach of international law over the Irish border. The fallout is going to be astronomical.Pharma companies make drugs first and are banks second. They are entrenched within the finance and banking sectors. As time goes on I can see EU financial rules being seen as worthless in the broad scheme of things and untrustworthy.
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